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Friday, November 03, 2023 5:19:24 PM
Reference - Page 10
The Offering
Common Stock offered by the Selling Stockholders Up to 11,428,572 shares of Common Stock issuable upon conversion of the Note; Up to 1,733,404 shares of Common Stock issuable upon exercise of the Common Warrant; and Up to 83,333 shares of Common Stock issuable upon exercise of the Placement Agent Warrant.
Shares of Common Stock outstanding after the completion of this offering 43,840,029 shares (1)
Use of proceeds We will not receive any proceeds from the resale or other disposition of the shares of Common Stock by the Selling Stockholders. However, we will receive the proceeds of any cash exercise of the Warrants. We intend to use the net proceeds from any cash exercise of the Warrants for working capital and general corporate purposes. See “Use of Proceeds.”
Risk factors You should read the section titled “Risk Factors” beginning on page 12 and the other information included in this prospectus for a discussion of factors you should consider carefully before deciding to invest in our Common Stock.
Dividend policy We do not currently pay dividends and we do not anticipate declaring or paying any dividends for the foreseeable future.
Market for Common Stock Our Common Stock is listed on NYSE American under the symbol “TPET.” On October 31, 2023, the last reported sale price of our Common Stock was $0.53 per share.
(1) The number of shares of our Common Stock to be outstanding after this offering is based on 30,594,720 shares of our Common Stock outstanding as of October 31, 2023 and assumes full conversion of the Note, at a conversion rate equal to the floor price of $0.35, full exercise of the Warrants and registration of 200% of the shares of Common Stock convertible under the Note and the Common Warrant.
Recent TPET News
- Form S-3/A - Registration statement under Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 08/16/2024 08:52:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2024 12:00:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 01:00:12 PM
- Company Provides Update on Asphalt Ridge Project, Utah • GlobeNewswire Inc. • 08/08/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 09:12:04 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 07/24/2024 08:24:47 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/19/2024 07:45:19 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/15/2024 12:30:20 PM
- Company Appoints New Chief Executive Officer • GlobeNewswire Inc. • 07/15/2024 11:00:00 AM
- Company Announces First Revenue • GlobeNewswire Inc. • 07/01/2024 12:30:00 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 06/20/2024 12:30:42 PM
- Trio Petroleum Appoints Robin Ross Chairman and Board Director • GlobeNewswire Inc. • 06/20/2024 12:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/18/2024 07:54:41 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/14/2024 08:05:40 PM
- Form 10-K/A - Annual report [Section 13 and 15(d), not S-K Item 405]: [Amend] • Edgar (US Regulatory) • 06/13/2024 08:56:01 PM
- Exploratory Well Update Sent These Energy Shares Soaring • AllPennyStocks.com • 06/11/2024 04:20:00 PM
- Company Successfully Completes First Two Exploratory Wells in Utah • GlobeNewswire Inc. • 06/11/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 08:15:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 08:15:57 PM
- Company Regains NYSE Listing Compliance • GlobeNewswire Inc. • 05/06/2024 02:23:58 PM
- Company Commences Oil Sales from California Assets • GlobeNewswire Inc. • 04/24/2024 11:00:00 AM
- Company Provides Operational Update for Monterey County Oil Producing Assets • GlobeNewswire Inc. • 04/11/2024 11:00:00 AM
- Company Retires $2.6 Million Convertible Note • GlobeNewswire Inc. • 04/09/2024 11:00:00 AM
- Trio Petroleum Corp Provides Update on Monterey County Operations • GlobeNewswire Inc. • 03/19/2024 12:30:00 PM
- Trio Petroleum Corp Provides Update on Monterey County Operations • GlobeNewswire Inc. • 03/04/2024 01:30:00 PM
ELEMENT79 ANNOUNCES UPLISTING TO OTCQB VENTURE MARKET • ELMGF • Aug 26, 2024 10:03 AM
North Bay Resources Announces Gold Assays up to 2.2 Ounces per Ton, Fran Gold Project, British Columbia • NBRI • Aug 26, 2024 10:00 AM
PickleJar Unveils Latest Venue Managed Services Innovations in Upcoming Webinar • PKLE • Aug 23, 2024 1:11 PM
Element79 Gold Corp Provides Update on Nevada Portfolio • ELMGF • Aug 23, 2024 8:00 AM
Maybacks Adds Award Winning Show to Its Lineup Discusses Maybacks Opportunity • AHRO • Aug 22, 2024 11:30 AM
North Bay Resources Announces First Gold Concentrate at Mt. Vernon Gold Mine, Assays 12 oz/ton Gold, 17.5 oz/ton Platinum, and 8 oz./ton Silver, Sierra County, California • NBRI • Aug 22, 2024 10:28 AM